When it comes time to purchase a new home, it is highly recommended that you contract with a professional home inspection service to thoroughly evaluate the condition of the property before any money changes hands. This is especially important as many financial institutions will require a home inspection before granting a mortgage. Choosing a qualified home inspection service can save you a lot of trouble in the long run.
The purpose of a home inspection is not to determine the value of the property (which is the role of an appraisal), but rather to assess the condition of the home and identify any potential issues. The home inspection service will provide a report detailing any deficiencies that were found during the inspection process, including both minor and major repairs that may be necessary. It is important to note that there is no passing or failing grade given during a home inspection; the company simply provides a list of observations and recommendations.
While home inspection reports may be subjective in certain areas, the opinions of a qualified home inspection service should be considered valuable by potential buyers. In many cases, real estate agencies will recommend a specific home inspection service, and buyers may choose to go with their suggestion. However, it is worth noting that agents can also be held liable in some states if they are found to be partially at fault for recommending a substandard inspection service.
It is important to remember that most home inspection service companies are not there to protect the interests of the buyer or seller, or to curry favor with the real estate agency. Their primary focus is to provide third-party analysis of the condition of the home with integrity. While their reports can certainly impact the outcome of a real estate deal, their main concern is to provide a thorough and accurate evaluation of the property.